Fun

Shiba Inu Could Erupt 500%—Analyst Sounds The Alarm

News Feed - 2025-05-07 05:05:18

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español.


Shiba Inu (SHIB) might have its price increase more than fivefold from where it is now, based on recent market analysis. The meme coin trades at $0.0000125, down 3% from its daily high and 9% within the last seven days. In spite of these latest plunges, an analyst is optimistic about SHIB’s prospects. Related Reading TRUMP Token Bloodbath: Whales Lose Big In $8.58 Million Sell-Off 1 day ago Price Target Suggests Whopping Gains Ahead


Technical analyst Javon Marks reaffirms his earlier projection that Shiba Inu will most probably reach $0.000081 during the current cycle in the market. This goal is up 500% from the current price. Marks mentions SHIB’s bull run to $0.000033 in December 2024. Then, the price drops back to $0.000010, which according to the analyst, is “expected” and part of a healthy correction process.


The token settled above $0.00002 as of the close in 2024, something Marks considers as validation of his technical perspective. Present price levels at $0.00001290 now are what he terms a base for the anticipated higher move. We maintain our $0.000081 breakout target for $SHIB (Shiba Inu), projecting a nearly +500% uphill run to reach it… https://t.co/8OdILFYB5q pic.twitter.com/jTxSAGqiWA


— JAVON⚡️MARKS (@JavonTM1) May 3, 2025


Technical Indications Suggest Hidden Bullish Divergence


As per market reports, the chart of SHIB shows a trend called hidden bullish divergence. This occurs when prices create higher lows but technical indicators such as RSI (Relative Strength Index) or MACD (Moving Average Convergence Divergence) give lower lows. SHIB market cap currently at $7.37 billion. Chart: TradingView


Marks infers this pattern is indicative of increasing buying pressure hidden beneath, contrary to apparent weakness in near-term momentum measures. The token remains above such key levels of support while also establishing higher price lows, adding to its technical strength. Buyers and sellers wait for a break from the sideways pattern of recent trading, something that may force prices upward when volume increases. Related Reading BNB Bulls Target $644 As Classic Chart Formation Emerges 1 day ago Long-Term Holders Keep Growing


Meanwhile, latest data indicates growth in SHIB investors with over one year holding the same. The segment has consistently increased since mid-2022 and continued to grow through early 2025. Long-term holders grew during both price appreciation and depreciation, indicating steady accumulation during any market condition.


An expanded foundation of long-term holders normally tames selling pressures, assisting with price support as well as other important support areas. The size of short-term traders (lesser than a month’s holders) declined by 35%. Holders with intermediate terms have risen by 3%. This change demonstrates deceleration towards short investment programs.


Featured image from Unsplash, chart from TradingView

News Feed

First-Ever Bitcoin Mining ETF Is Live – Will Meme Coins Like Best Wallet Soar?
Grayscale, a popular crypto asset manager, launched a new ETF that offers exposure to Bitcoin mining, known as Grayscale Bitcoin Miners ETF (MNRS). This is the world’s first such ETF. It offers an alternative to invest
Ordinal Inscriptions Take the NFT World by Storm: Over 50,000 Added to the Bitcoin Blockchain in 2023
Ordinal Inscriptions Take the NFT World by Storm: Over 50,000 Added to the Bitcoin Blockchain in 2023 As of Friday, Feb. 10, 2023, the Bitcoin blockchain had seen the addition of m
Why tokenized real-world assets are soaring
Cointelegraph Research7 hours agoWhy tokenized real-world assets are soaringTokenized real-world assets have surged to a capitalization of $8 billion, outpacing Bitcoin and Ether in both market performance and volatility
Indian State Ministry Discusses Cryptocurrency Plans With Founders of Crypto Bulls Roadshow
Indian State Ministry Discusses Cryptocurrency Plans With Founders of Crypto Bulls Roadshow An Indian state official recently met with the founders of the “India Crypto Bul
Tom Mitchelhill5 hours agoRobert Kennedy Jr. reveals buying 2 Bitcoin for each of his 7 children“I’m going to put my money where my mouth is,” the Democratic presidential candidate said as he doubled down on his su
Bitcoin, Ethereum Technical Analysis: BTC, ETH Marginally Higher as USD Weakens on Monday
Bitcoin, Ethereum Technical Analysis: BTC, ETH Marginally Higher as USD Weakens on Monday Following a red start to October, crypto prices moved marginally higher during Monday
IRS Prioritizes Cryptocurrency, Now First Question on 1040 Tax Form
IRS Prioritizes Cryptocurrency, Now First Question on 1040 Tax FormThe new U.S. tax form is out and the cryptocurrency question is the first one on the main 1040 tax form used by ab
Web3 users reached an all-time high of 10M in Q2: DappRadar
Christopher Roark3 hours agoWeb3 users reached an all-time high of 10M in Q2: DappRadarThe second quarter saw a record number of Web3 unique daily active wallets, but DappRadar cautioned the growth may be due to temporar
Gareth Jenkinson7 hours agoSSV​.network hits mainnet to increase decentralization of Ethereum staking poolsSSV.network launches a distributed validator technology network with more than 10 staking DApps to help decentr
Telegram and Helika Gaming unveil $50M gaming accelerator with Notcoin
Josh O"Sullivan12 hours agoTelegram and Helika Gaming unveil $50M gaming accelerator with NotcoinThe accelerator program aims to foster innovation among game developers, leveraging the TON blockchain to enhance Telegram
Fractionalizing the Doge NFT, Cryptopunk 543 Gets Chopped and Sold for $1 per Share
Fractionalizing the Doge NFT, Cryptopunk 543 Gets Chopped and Sold for $1 per Share This week a project called Pleasrdao announced that a notable Doge non-fungible token (NFT) that
SEC Chair Gensler Warns a Lot of Crypto Tokens Will Fail Following LUNA, UST Collapse
SEC Chair Gensler Warns a Lot of Crypto Tokens Will Fail Following LUNA, UST Collapse The chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, has warned th